OGRMF - Can Organigram Maintain Its Momentum - Or Where Does It Go From Here?
source: seeking alpha
Organigram (OGRMF) just came off a solid quarter, reporting record revenue and an adjusted gross margin of 71 percent. By the end of 2019 the company expects to increase production capacity to 113,000 kilograms per year.
What this article will primarily focus on is Organigram's long-term revenue growth prospects, and how the market is likely to reward the strength of its efficiencies and productivity that generate strong margins and earnings.
Latest earnings
Net revenue in the last reporting period jumped to $12.4 million, up 419 percent from the $2.4 million